Feb. 5, 2007 -- CoreLogic, a Sacramento, Calif-based mortgage risk management firm, is being merged with First American Real Estate Solutions, a real estate data service, the companies jointly announced Monday.
The merger is the largest in a series of recent acquisitions by First American, which will retain majority ownership, the company said.
"This merger is a major milestone in our strategy to revolutionize the mortgage risk management process," Parker S. Kennedy, CEO First American Corporation, said in a statement. The move will improve and expand the company's mortgage lending services by applying advanced data and analytics to the lending process, Kennedy said.
CoreLogic was ranked No. 468 on the 2006 Inc. 500 list of the nation's fast-growing private companies.
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